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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 27,702 $ 62,332
Accounts receivable, net of $72,469 and $59,946 of adjustments for chargebacks and other allowances at June 30, 2020 and 2019, respectively 73,162 72,129
Inventories, net 52,563 48,163
Prepaid income taxes 0 1,076
Prepaid expenses and other current assets 3,117 3,995
Total Current Assets 156,544 187,695
Property and equipment, net 39,937 40,551
Restricted cash 5,002 5,029
Deferred tax assets, net of deferred tax liabilities and valuation allowance 53,488 38,326
Intangible assets, net 205,745 180,388
Goodwill 3,580 3,580
Other non-current assets 1,095 1,220
Total Assets 465,391 456,789
Current Liabilities    
Current debt, net of deferred financing costs 12,329 9,941
Accounts payable 14,209 14,606
Accrued expenses and other 3,066 2,362
Accrued royalties 6,004 5,084
Accrued compensation and related expenses 5,349 3,736
Current income taxes payable, net 8,286 0
Accrued government rebates 9,717 8,901
Returned goods reserve 20,003 16,595
Deferred revenue 125 451
Total Current Liabilities 79,088 61,676
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 177,879 175,808
Other non-current liabilities 17,080 6,514
Total Liabilities 274,047 243,998
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 12,379,711 shares issued and 12,321,820 outstanding at June 30, 2020; 12,104,875 shares issued and 12,089,565 shares outstanding at December 31, 2019 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 0 0
Treasury stock, 57,891 shares of common stock, at cost, at June 30, 2020 and 15,310 shares of common stock, at cost, at December 31, 2019 (2,246) (723)
Additional paid-in capital 209,409 200,800
(Accumulated deficit)/retained earnings (1,771) 17,584
Accumulated other comprehensive loss, net of tax (14,049) (4,871)
Total Stockholders' Equity 191,344 212,791
Total Liabilities and Stockholders' Equity $ 465,391 $ 456,789